Buying Process

 

Equal Housing

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River And Lake Real Estate

Lake Isabella, California

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Steps in the buying process:

 

Buying a home in California is an intricate procedure.  Through every step in this entire process, we will be present, representing your interests. These are the major milestones in the transaction.

 

Lender pre-qualification. Until you are pre-qualified for the loan you will need, no seller will take you seriously. Generally pre-qualification is a very quick process.

Home search. Working with the Multiple Listing Service (MLS), we will search for homes that meet your needs. We’ll tour them, one by one, looking for the one that feels like home. This can take anywhere from three hours to three months, depending on your requirements.

Making the offer. Once we’ve found the perfect home, we’ll fill out the Residential Purchase Contract, which serves as both the offer to purchase the home and defines the terms and conditions of the sale, once it is accepted.

Contract acceptance. Perhaps after some haggling by counter-offer, the contract is accepted. The transaction goes into the escrow process with the title company, where all the documents necessary to effect the sale will be accumulated.

Inspection period. Acceptance of the contract initiates the inspection period, the time available to you to have professional inspectors in to evaluate the home. California real estate law is very well balanced between the seller and the buyer, and the inspection period is your opportunity to make sure that you are getting full value for your money. Generally, inspections will be done by a generalist home inspector and by a wood inspector — who is looking for wood-destroying insects and evidence of rot — but there is no limit to the kind and quantity of inspections you can have done. For any defect turned up in this process, you can choose to accept it as is, request that the seller repair it, or you can exit the contract unilaterally, without consequence. This is an extraordinary level of buyer protection.

Repair period. Should you request repairs from the seller, they will be effected at the end of the inspection period.

Final walkthrough. This is your opportunity to follow up on the seller’s repairs and to make sure the home is in the same condition as when the contract was accepted.

Recordation of title. Throughout this two to six week span of time, many other documents have been prepared and placed in escrow. You qualified for your loan and signed a stack of loan documents. The title company researched the history of the property and helped to clear any lingering defects on the seller’s title. The title company also prepared title insurance policies for you and for your lender, warranting that your title to the property will be free and clear of defects. When all of these documents are finalized, the title company will record the change of title with the county recorder. This recordation of title is the actual legal transfer of ownership in California. No lawyer — unless you want one. No closing conference. No last-minute disputes.

 

In fact, the underlying process is a good deal more complicated than this list of steps. This is why you depend on us, and why we depend on our valued partners. Working together, each of us doing what we do best, we take an intricate procedure — fraught with legal peril — and make it smooth and sleek and elegant.

 

Ready to get started right now?

You can make an appointment to meet in your home or our office. You can fill out our detailed questionnaire to find your ideal new home. Or you can just pick up the phone and dial 760-379-1617.  Either way, we’re at your command, devoutly loyal, smart, and eager to please…

 

 

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